bonds | Egypt Oil & Gas
Eni to Issue New Fixed Rate Bonds
Eni intends to place new fixed rate bonds with a 4-year and 10-year maturity (the “Bonds”), under its existing Euro Medium Term Note Program. Under Eni’s existing Euro Medium Term Note Program, the company plans...
Iran’s NIOC to Issue Bonds Worth Rls 20,000 B to Finance Oil Projects
Masoud Karbasian, the CEO of the National Iranian Oil Company (NIOC), announced that the company is planning to issue bonds worth Rls. 20,000 billion to finance projects aimed at production enhancement and maintenance...
Aramco to Raise $10b Prior to IPO
Saudi Arabia’s oil giant Saudi Aramco has hired four banks as advisers to its first bond sale, possibly by June 2017, ahead of a planned initial public offering (IPO) in 2018, in order to raise as much as $10b in bond...
Egypt Selects 4 Investment Banks for USD Bond Issuance
Egypt’s Ministry of Finance picked four banks to manage a dollar bond issuance, as the country plans to sell $3b to $5b in international bonds during the current fiscal year ending June 30 2017, with the first issuanc...
Algeria to Issue Local Debt to Offset Global Oil Price Drop
Algeria plans to issue local-currency debt as a source of financing to offset the collapse in world oil prices, which halved government’s energy revenues last year, Prime Minister, Abdelmalek Sellal said accordi...
KRG Struggling for Cash as Oil Debts, ISIS Threat Mount
The autonomous Kurdistan Regional Government (KRG) in northern Iraq announced that it mulls selling parts of its electricity sector to raise funds to reduce its budget deficit. This includes such functions as bill col...
Kuwaiti Government Studys Gasoline Reforms, Parliament Notwithstanding
Kuwait’s government is studying whether to raise fees for its services, Finance Minister Anas al-Saleh told the local press, reported Reuters. Saleh explained that this move was part of a project to rationalise ...
Bahraini $1.5b Bond Sales Send Bad Signals to Debtors
Reuters reported that Bahrain’s $1.5b bond sale, last week, is a bad sign that Gulf borrowers will have to pay a lot more to issue debt in coming months because of low oil prices and less enthusiastic investors....
